BigMint’s bi-weekly domestic pellet (Fe63%) index remained stable at INR 10,250/t ($120/t) DAP Raipur.
BigMint’s billet index rebounded by INR 100/t d-o-d to INR 41,600/t exw-Raipur,market sentiments remained largely range-bound, resulting in only a modest uptick in billet demand.
Chinese HRC export offers to the Middle East remained stable w-o-w, holding at $490-500/t CFR UAE, the steady pricing is mainly driven by weak market sentiments and limited trading activity.
The following sheet summarises confirmed trades/offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics.
Leave a Reply